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20121226
20130103
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KPIX (CBS) 2
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CBS
Dec 31, 2012 6:00pm PST
: steve is the manager of a local tire store and he is not worried. governor brown's prop 30 raised taxes and it hits starting tomorrow. el cerrito and union city had the highest taxes before and they will remain the highest now at 9.5%. other east bay cities are up in the 9% range. san francisco and san jose are among the lowest. >> the general consensus is .25% won't make a big difference. >> reporter: to show how tricky things get steve's tire store is right on the el cerrito- richmond border one step can be quite taxing. >> sales tax right here tomorrow, 9.5%. >> sales tax right here tomorrow, 9%. >> reporter: the tax from prop 30 will last the next four years. in el cerrito, mike sugerman, cbs 5. >>> coming up in the next half hour a live report from washington, d.c. the latest on the "fiscal cliff" fiasco. and we'll look more closely at one part of the budget debate that's drawn a lot of attention, the possibility of skyrocketing milk prices. >> and a new report on the benghazi disaster levels more harsh criticism of the state department. >> the california supreme court hands down o
CBS
Jan 1, 2013 6:00pm PST
coffee or brown bag it. >> you think about the taxes that you have to pay and your regular just day-to-day living expenses like your pg&e bill and your cell phone bill and all of that the $90 an hour really gets eaten away quickly. >> reporter: which brings us to tip 2. save, save, save. according to the united states federal reserve, americans on average only save 3.6% of their income. what we should be saving upwards of 10%. and if you are counting on social security, plan on socking away 12 times your current income too. because getting old can get expensive. >> i have seen clients pay upwards of $13,000 a month for round the clock care in their homes. it's very expensive. >> reporter: and then there's housing. bringing us to tip number 3. you shouldn't spend more than 25 percent of your income on where you live. a tall order here in the bay area. but keeping this rule of thumb in mind might help you stash some cash into your 401(k) or ira. >> cheers! >> reporter: this couple rents two bedrooms of their home to offset their mortgage and help them reach their financial goals. >> s
Search Results 0 to 1 of about 2